2007-01-09 07:44:58 · 19 answers · asked by hothot 1 in Business & Finance ➔ Taxes ➔ United States
Absolutely, as long as the child is born by Dec 31, 2006 you can claim the child on your tax return - if it is your only child you must make less than 36,000/yr in order to be eligible for the earned income credit (EIC)
2007-01-09 08:04:06 · answer #1 · answered by Jazz 4 · 0⤊ 0⤋
Yes
2007-01-09 08:35:14 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋
Yes
2007-01-09 07:47:46 · answer #3 · answered by whymewhynow 5 · 0⤊ 0⤋
Yes, as long as your child was born before midnight 12/31/06 you can get the credit
2007-01-09 07:53:59 · answer #4 · answered by Bookkeeper 825 2 · 0⤊ 0⤋
Hell yes!! My son was born on Dec 22 2004 and I still got credit for him for the whole year.
2007-01-11 08:03:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Congradulations, you get everything: exemption and tax credits.
(The birth certificate has to show birth on or before midnight Dec 31, 2006.)
2007-01-09 07:49:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋
sure - the credit is phased out by way of $50 for each $one thousand (or fraction thereof) of Adjusted Gross income (on 1040 line 37) above the start section-out quantities: the start section-out volume varies in accordance to filing status and type of youthful ones. as an example: For married filing jointly with 2 Qualifying little ones, the section-out volume starts at $one hundred and ten,000. It reaches 0 at $149,001 For Married filing Separate with one qualifying toddler the section-out volume starts at $fifty 5,000. It reaches 0 at $seventy 4,001. The worksheet might want to be got here upon on IRS.GOV in e book 972.
2016-12-28 13:15:37 · answer #7 · answered by ? 3 · 0⤊ 0⤋
Yes.
2007-01-09 08:02:52 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Yes, that child totally qualifies. Contact the IRS for details.
2007-01-09 07:48:35 · answer #9 · answered by Gillian 3 · 0⤊ 0⤋
Yes.
2007-01-09 07:47:43 · answer #10 · answered by deerslyr_71 3 · 1⤊ 0⤋